Elon Musk proposes stepping down as head of Twitter in poll

Elon Musk could also be near ending his run as Twitter CEO.

After haphazardly establishing a ban on hyperlinks out that put his website at odds with each The Washington Publish’s Taylor Lorenz and his personal supporters, like Silicon Valley enterprise capitalist Paul Graham, Elon Musk’s doxxing, banning, and moderation outburst ended — predictably — with an apology and a promise it “received’t occur once more.”

His $44 billion takeover of the corporate — that he tried desperately and unsuccessfully to get out of — began with a ballot, and it will be each applicable and well timed if his time as its CEO ended the identical means.

Even earlier than Musk owned the corporate, there have been stories that he deliberate to function as Twitter’s CEO solely quickly, and only one month in the past, he stated underneath oath that he deliberate to seek out another person to run the corporate. In follow-up tweets, Musk claimed the corporate “has been within the quick lane to chapter since Might” (not the primary time he’s used the b-word in reference to Twitter, he talked about it in an organization assembly final month) and said, “The query just isn’t discovering a CEO, the query is discovering a CEO who can hold Twitter alive.”

Now, together with his decision-making underneath fireplace from the identical individuals who had been his supporters and his handpicked #TwitterFiles journalist ghosting his pleas for a public response, Musk could also be able to put his overpriced toy in another person’s palms for a short time.

Unmentioned in his tweets, however looming over this week’s complete episode, is the truth that Tesla’s inventory worth has dropped to a 52-week low of about $150 per share, down practically 50 % from a yr in the past. Musk lately dropped to quantity two on Forbes’s checklist of the world’s richest folks.

Reuters stories that Tesla’s third-largest particular person investor and self-proclaimed Musk fanboy KoGuan Leo tweeted earlier this week that “Elon deserted Tesla and Tesla has no working CEO.” Earlier this morning, Leo tweeted again, saying, “I want Elon shortly finds new CEO of Twitter.”

Musk has (largely) acted consistent with the outcomes of polls posted to his personal Twitter account in his time proudly owning the corporate, however the Musk Guidelines might be fluid. He also promised beforehand that “No main content material selections or account reinstatement” would occur with out convening a content material moderation council, then retroactively claimed that now not utilized attributable to activist teams that “broke the deal.”

The standing of Twitter’s new insurance policies, within the meantime, stays unclear — Lorenz is unbanned, and Musk stated Paul Graham’s account can be restored as nicely, whereas additionally claiming the hyperlink coverage “can be adjusted to suspending accounts solely when that account’s major function is promotion of opponents, which primarily falls underneath the no spam rule.”